OpenCharities

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2020-12-31-accounts

2 Page
TrusteesandTrustInformation 2
ReportoftheTrustees 3-5
IndependentAuditor'sReport 6-9
ConsolidatedStatementofFinancialActivities 10
BalanceSheet 11
Consolidatedcash flowstatement 12
NotestotheAccounts 13-22

22 September 2021

Unrestricted Restricted Total Total
funds funds Funds Funds
Notes 2020 2020 2020 2019
£ £ £ £
Income
Donations 2 2,066,500 - 2,066,500 25
Otherincome 3 5,500 - 5,500 -
Totalincome

2,072,000


-

2,072,000

25
Expenditure
Governancecosts 4,5 12,398 - 12,398 85
Totalexpenditure

12,398


-

12,398

85
Netincome/(expenditure) 2,059,602 - 2,059,602 (60)
Reconciliationoffunds:
Totalfundsbroughtforward 143,224 - 143,224 143,284

2,202,886
-
2,202,886
143,224
Totalfundscarriedforward

2020 2019
Group Charity Group Charity
Notes £ £ £ £
Fixedassets
Tangiblefixedassets 8 2,040,329 141,885 - 141,885
Investments 9 . 100 » -

2,040,329

141,985



-


141,885
Currentassets




Cashatbankandinhand 242,709 242,709 - 1,339
Debtors 10 365,993
1,834,129		 - -

608,702

2,076,838



-


1,339
Creditors:Amountsfallingdue 11 446,205 - - -
withinoneyear
Netcurrentassets


162,497


2,076,838



-


1,339
Totalassetslesscurrent 2,202,826
2,218,823		 - 143,224
liabilities
Funds
Unrestrictedfunds 12
2,202,826


2,218,823



-


143,224
Totalfunds 13
 2,202,826
2,218,823
 -
 143,224
ApprovedbytheBoardofTrusteeson*2eql202%nd
 igned|on
 itsbehalf
 py
MrN Kassam MrN lJivraj
MrM ESmail
Charitynumber:326272

Notes 2020 2019
£ £ £ £
Netcashprovidedbyoperatingactivities 15 1,706,362 (60)
Cashflowsfrominvestingactivities:
Purchaseofproperty,plantandequipment (1,898,444) -
Netcashusedininvestingactivities (1,898,444) -
Cashflowsfromfinancingactivities:
BorrowingfromIsmailiCouncil 433,452
Netcashprovidedbyfinancingactivities 433,452 -
Changeincashandcashequivalentsinthe 241,370 (60)
reportingperiod
Cashandcashequivalentsatthebeginning 1,339 1,399
ofthereportingperiod
Cashandcashequivalentsattheendofthe 16 242,709 1,339
reportingperiod

Unrestricted Restricted Total Total
funds funds funds funds
2020 2019
£ £ £ £
Donations
Giftaiddonations 855,000 - 855,000 25
Otherdonations 1,211,500 - 1,211,500 -

2,066,500



-

2,066,500

25


2020 2019
£ £
Rentalincome 5,500 -
Currentyear Other
Staff direct Support Total
Grants costs costs costs 2020
£ £ £ £ £
Governance - - - 12,398 12,398
Totalresourcesexpended



-



-





-





12,398





12,398




Prioryear Other (note 6)
Staff direct Support Total
Grants costs costs costs 2019
£ £ £ £ £
Governance - - - 85 85
Totalresourcesexpended

-

>

-


85

85

5 Allocationofsupportcosts
Currentyear
2020 2019
£ £
Bankcharges 130 85
Governancecosts:
e
[Insurance		 518 -
e
Auditandaccountancy
11,750

-


12,398


85

Long
Freehold leasehold
property property Total
£ £ £
Costorvaluation
At1 January2020 122,360 19,525 141,885
Additions 1,898,444 ( 1,898,444
At31December2020
2,020,804

19,525
2,040,329
Depreciation
At1 January2020and31December2020
-
-
=
Netbookvalue
31December2020
2,020,804

19,525
2,040,329
31December2019
122,360

19,525
141,885
ovementinvalue:
2020 2019
Group Charity Group Charity
£ £ £ £
Costat31December2020 - 100 - -
Historicalcostat31December2019

-


100

-


-

2020 2019
£ £
Grossincome "
5,500
Grossexpenditure(excludinggiftaidedprofitstocharity)
(16,497)
-
Netsurplusbeforedonatingprofitstocharity (10,997)
 -

2020 2019
Group Charity Group Charity
£ £ £ £
Amountsowedbygroupundertakings - 1,834,129 - -
VATrecoverable 359,393 - - -
Otherdebtors 6,600
-
 -
 -
365,993
1,834,129
 =
 -
Creditors
2020 2019
Group Charity Group Charity
£ £ £ £
Amountsduewithinoneyear:
Accruals 11,750 5,000 - -
Othercreditors
434,455

-
-
-
446,205
5,000
 -
-

Group
Currentyear Balanceat Losseson Balanceat
1January Incoming Outgoing revaluation 31December
2020 resources Resources [Transfers 2020
£ £ £ £ £
Generalfunds
143,224
2,072,000
(12,398)
-
2,202,826


143,224

2,072,000

(12,398)

-

2,202,826
Charity
Currentyear Balanceat Losseson Balanceat
1January Incoming Outgoing revaluation 31December
2020 resources Resources [Transfers 2020
£ £ £ £ £
Generalfunds
143,224
2,075,729
(5,130)
-
2,213,823


143,224

2,075,729

(5,130)

-

2,213,823
GroupandCharity
Prioryear Balanceat Losseson Balanceat
1January Incoming Outgoing revaluation 31December
2019 resources Resources [Transfers 2019
£ £ £ £ £
Generalfunds
143,284
25
(85)
-
143,224

143,284
25
(85)
-
143,224

roup
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Tangiblefixedassets 2,040,329 - 2,040,329 141,885
Netcurrentassets 162,497 - 162,497 1,339


2,202,826

-

2,202,826

143,224
harity
Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Tangiblefixedassets 141,885 - 141,885 141,885
Fixedassetinvestments 100 - 100 -
Netcurrentassets 2,071,838 - 2,071,838 1,339

2,213,823
-

2,213,823

143,224

2020 2019
£ £
Netincomeforthereportingperiod(as per the 2,059,602 (60)
statementoffinancialactivities)
Decrease/(increase)indebtors (365,993) -
Increaseincreditors 12,753 -
Netcashinflowfromoperatingactivity

1,706,362

(60)
alysisofchangesinnetdebt
Balanceat Balanceat
1January 31December
2020 Cashflows 2020
£ £ £
Cashinhand
1,339
241,370
242,709



1,339

241,370

242,709

Balanceat
Balanceat
1January 31December
2019 Cashflows 2019
£ £ £
Cashinhand
1,399
(60)
1,339


1,399
(60)
1,339